Page 1 of 15 12311 ... LastLast
Results 1 to 10 of 142
 0 Attachment(s)    

Thread: Daily Market Roundup from FXCC

  1. #1
    alayoua
    Guest

    Default Daily Market Roundup from FXCC

    In a late rally US stocks climbed to end the day in positive territory. The SPX closed up 0.81% to be back in positive territory year on year. Whilst the markets expected a unified vote by the German government to be duly ratified disappointing consumer confidence figures weighed heavily in mid afternoon trade. Consumer confidence in the USA slumped last week to the second-lowest level on record as Americans grew more concerned with their financial situation and the buying climate worsened. The Bloomberg Consumer Comfort Index dropped to minus 53 in the period ended Sept. 25 from minus 52.1 the prior week.

    The full outcome of the latest troika meeting is still to be revealed. Presumably the markets have, in similar fashion to the German bailout vote, already priced in a positive outcome. The depth of the rabbit hole has been potentially exposed by the head of Europe’s markets regulator who is warning banks to be consistent in their valuations of sovereign debt amid concern some lenders have failed to record sufficient losses on Greek bonds. Quite where they’ll move the hidden losses to remains to be seen. Steven Maijoor, chairman of the European Securities and Markets Authority, likened the lack of transparency about banks’ individual holdings of government debt to the subprime mortgages that triggered the credit crisis.

    Lack of transparency regarding exposures to subprime mortgages created a situation of uncertainty about the financial positions of banks, a lack of transparency from banks on their exposures to sovereign debt and related instruments are generating new suspicions about the conditions of individual banks and this requires similar answers in terms of transparency. We are currently looking at how banks are applying International Financial Reporting Standards for the valuation of sovereign debt, It is very important for ESMA that financial institutions apply IFRS correctly, and are consistent in their valuations of sovereign debt exposures.

    The International Accounting Standards Board have accused banks of failing to write down the value of their Greek government debt to reflect market prices; the mark to model as opposed to market phenomena is alive and well. Lenders’ impairments on Greek government ranges from 6 percent to as much as 51 percent in the second quarter, according to analysts at Citigroup Inc.

    Bigger challenges loom for the euro zone now. Financial markets are already anticipating a likely Greek default and demanding more far-reaching measures to prevent the crisis that began in Athens from spreading far beyond Europe and its banks.
    Daily Market Roundup by FXCC | News from the September 29 pm roundup

    Source: FX Central Clearing Ltd. (FXCC – BLOG)

  2. #2
    alayoua
    Guest

    Default Daily Market Roundup by FXCC – October 4 am

    The same headline is constantly being regurgitated by the usual financial media outlets day after day, it repeats something like this; “US Stocks and the Euro fall as Greece concerns outweigh positive U.S. economic data..” Or we read something similar to the following most days of the week; “Large U.S. bank stocks fell sharply on concerns that lenders like Citigroup Inc and Morgan Stanley may face more earnings setbacks from the debt crisis in Europe.”

    The constant inference appears to be that the SPX and the Dow Jones stock indices are falling due to the Eurozone debt crisis and not due to the mess the USA is in and has been since 2007-2008. “Oh look, our economic indicators are healthy, if only those pesky Europeans could get their act together.” Sure and..”If only that trinity and axis of unholy financial evil that was Northern Rock, Halifax Bank of Scotland and Cheltenham and Gloucester hadn’t invented the subprime mortgage securitisation business, causing Lehman to collapse, we’d all be living in €1 million houses with $300K mortgages.”

    Perhaps it’s time for the headline writers in the USA mainstream media to join up the following words; houses, glass, in, people, living, bricks, throw, shouldn’t..

    As America officially closes its books on the 2010-2011 fiscal year the final trading day of the year saw the settlement of all the outstanding and recently auctioned off debt. Like families splurging their last pay cheque of the year on an Xmas blow-out there was a final intoxicated surge of $95 billion in total government debt overnight, the result being a closing ‘balance’ of the USA being circa $14.8 trillion in debt. During the past fiscal year, the US has issued a total of $1.228 trillion in new debt. At a rate of $125 billion per month US debt to GDP will pass 100% inside a month. The US economy added over 3$ trillion in debt during the past two years and the stock market is almost back to 2009 levels. All that effort, all that money, all that fresh debt and dollar debasement (to be covertly dumped on the masses) and the end result? Zero growth, nada. Yep, it’s all the fault of those Europeans..or could it be the Chinese..?

    The US Senate voted on Monday evening to push forward legislation designed to press China to let its yuan currency rise in value, creating a debate between lawmakers who say the bill will create jobs and critics who warn it could initiate a trade war. Over sixty senators voted to allow debate on the bipartisan Currency Exchange Rate Oversight Reform Act of 2011, which would allow the U.S. government to place countervailing duties on products from countries found to be (in the opinion of the USA) subsidising their exports by undervaluing their currencies. In short countries and economies who don’t do what the USA admin demands are wrong, period.

    Manufacturing in the USA grew in September as production and hiring increased. Other data news for the struggling U.S. recovery indicated strong demand for new motor vehicles, construction spending unexpectedly rebounded in August. September marked a 26th straight month of expansion. The Institute for Supply Management said its index of national factory activity rose to 51.6 last month from 50.6 in August, boosted by a rebound in production and increased factory hiring. However, new orders fell for a third straight month suggesting that the underlying conditions are flat.

    Daily Market Roundup by FXCC | News from the October 3 pm roundup


    Source: FX Central Clearing Ltd. (FXCC BLOG)

  3. #3
    alayoua
    Guest

    Default Daily Technical Analysis By FXCC - 05/10/2011

    Daily Technical Analysis By FXCC - 05/10/2011

    Euro vs. US Dollar (EURUSD):Weakness in EURUSD is likely to continue.We see a less chances of an immediate rise on the instrument for short-term technical outlook. Next downside barriers follow (1.32871) at (1.32050) and (1.31638).We will try to sell EURUSD from our mentioned resistance levels.

    R1: 1.34150 | R2: 1.34794 | R3: 1.35197 | R4: 1.36010 | R5: 1.36526
    S1: 1.32871 | S2: 1.32050 | S3: 1.31638 | S4: 1.30633 | S5: 1.29812

    Great Britain Pound vs. US Dollar (GBPUSD):We can say that additional bearish movements could be seen during current session, particularly if it succeeded to maintain prices below (1.55043) zones. A proper confirmation would occur if the GBPUSD will manage to fall beyond the (1.54322) support level.Our bias is on selling GBPUSD with a stop loss above (1.55043) for today.

    R1: 1.55399 | R2: 1.55940 | R3: 1.56654 | R4: 1.57156 | R5: 1.58473
    S1: 1.54322 | S2: 1.53406 | S3: 1.52866 | S4: 1.52325 | S5: 1.51329

    US Dollar vs.Japanese Yen USDJPY (USDJPY):general trend is to the upside. Break below (76.412) may trigger further fall of the USDJPY. Going above nearest support level at (77.675), however, would confirm continuation of the bullish trend, towards next objective upwards (78.275). Our bias is on buying USDJPY with a stop loss under (76.412) for today.

    R1: 77.194 | R2: 77.675 | R3: 77.975 | R4: 78.275 | R5: 78.575
    S1: 76.495 | S2: 76.106 | S3: 75.806 | S4: 75.506 | S5: 75.206

    Source: FX Central Clearing Ltd. (FXCC)
    Technical Analysis

  4. #4
    alayoua
    Guest

    Default Daily Technical Analysis By FXCC - 07/10/2011

    Daily Technical Analysis By FXCC - 07/10/2011
    Euro vs. US Dollar (EURUSD):It's likely that EURUSD will decline. A break above (1.34608) could be a threat to the bearish scenario targeting (1.36680) even (1.37201). On the downside, immediate support is at (1.33837). Break below that area should keep the major bearish scenario intact testing (1.32414) area We will be looking to sell EURUSD upon any price retracement.


    http://r.4xeagleeye.com/snap/fxcc.com/EURUSD/c/0

    R1: 1.34794| R2: 1.35197 | R3: 1.35854 | R4: 1.36680 | R5: 1.37201
    S1: 1.33837 | S2: 1.33305 | S3: 1.32414 | S4: 1.31666 | S5: 1.30919

    Great Britain Pound vs. US Dollar (GBPUSD):We prefer a downside scenario at this phase. Since bias is bearish in nearest term targeting (1.50803). Another move back above (1.55117) could lead us to neutral zone. We will try to sell GBPUSD from our mentioned resistance levels.

    http://r.4xeagleeye.com/snap/fxcc.com/GBPUSD/c/0

    R1: 1.54943| R2: 1.55988 | R3: 1.56654 | R4: 1.57156 | R5: 1.57706
    S1: 1.53406| S2: 1.51760 | S3: 1.50803 | S4: 1.49459 | S5: 1.48959


    US Dollar vs. Japanese Yen USDJPY (USDJPY):The USDJPY still trapped in range area of (76.926– 76.462). A break in either direction will determine the trading bias in today`s session. Break below (76.462) could trigger further bearish pressure targeting (75.434), while break above (76.926) could trigger further bullish advances testing (77.996). You may try to buy from lower border and/or sell from upper border.

    http://r.4xeagleeye.com/snap/fxcc.com/USDJPY/c/0

    R1: 77.023 | R2: 77.396 | R3: 77.696 | R4: 77.996 | R5: 78.296
    S1: 76.334 | S2: 76.034 | S3: 75.734 | S4: 75.434 | S5: 75.134

    Source: FX Central Clearing Ltd. (FXCC)
    Technical Analysis

  5. #5
    alayoua
    Guest

    Default Daily Technical Analysis By FXCC - 10/10/2011

    Daily Technical Analysis By FXCC - 10/10/2011
    Euro vs. US Dollar (EURUSD):maintains a bid tone for now. Break above (1.35345) may trigger further recovery of the EURUSD. Going bellow latest swing low at (1.33305), however, would confirm continuation of the bearish trend, towards next objective downwards (1.30908). You may try to sell from (1.34745), (1.35245), and (1.35813) with a stop loss above (1.35345).

    R1: 1.34745| R2: 1.35245 | R3: 1.35813 | R4: 1.36380 | R5: 1.37448
    S1: 1.33305 | S2: 1.32543 | S3: 1.31638 | S4: 1.30908 | S5: 1.30508


    Great Britain Pound vs. US Dollar (GBPUSD):The bias remains neutral in nearest term. A need for a clear break from the range area (1.56560 – 1.53850) so we can see clearer direction. Break below (1.53850) could trigger further bearish pressure targeting (1.52122) and keep the major bearish scenario remains strong while break above (1.56560) could trigger further bullish correction testing (1.59868). We need to keep a closer look on how prices would behave on today`s trading session.

    R1: 1.56460| R2: 1.57637 | R3: 1.58815 | R4: 1.59868 | R5: 1.61046
    S1: 1.54943| S2: 1.54353 | S3: 1.53406 | S4: 1.52122 | S5: 1.50944


    US Dollar vs. Japanese Yen USDJPY (USDJPY):We believe that possible bullishness could be seen during this trading session. Support is at (76.462). Break below that area could lead us to neutral zone as direction would become unclear, but as long as price moves above that level the major scenario remains bullish. Try to buy on depth with a stop loss below (76.462).

    R1: 77.175 | R2: 77.502 | R3: 77.802 | R4: 78.102 | R5: 78.402
    S1: 76.388 | S2: 76.061 | S3: 75.761 | S4: 75.461 | S5: 75.161

    Source: FX Central Clearing Ltd. (FXCC)
    Technical Analysis

  6. #6
    alayoua
    Guest

    Default Daily Technical Analysis by FXCC - 12/10/2011

    Daily Technical Analysis by FXCC - 12/10/2011

    Euro vs. US Dollar (EURUSD):general trend is to the upside. Break below (1.35554) may trigger further fall of the EURUSD. Going above nearest support level at (1.37483), however, would confirm continuation of the bullish trend, towards next objective upwards (1.38667). We will be looking to buy EURUSD upon any price retracement.



    R1: 1.36838| R2: 1.37483 | R3: 1.38127 | R4: 1.38667 | R5: 1.39311
    S1: 1.35965 | S2: 1.35245 | S3: 1.34575 | S4: 1.33931 | S5: 1.33391

    Great Britain Pound vs. US Dollar (GBPUSD):We can say that additional bullish movements could be seen during current session, particularly if it succeeded to stabilize above (1.56032) zones. A proper confirmation would occur if the GBPUSD will manage to overcome the (1.56384) resistance. Look for long positions for today`s trading session.



    R1: 1.56384| R2: 1.56889 | R3: 1.57956 | R4: 1.58456 | R5: 1.58956
    S1: 1.55112| S2: 1.54488 | S3: 1.53950 | S4: 1.53406 | S5: 1.52906


    US Dollar vs. Japanese Yen USDJPY (USDJPY):Overall the direction remains unclear and price is moving in (77.009 - 76.462) range area, the instrument has a 50 – 50 chance of a recovery above (77.009) or a fall towards (76.462) in the coming session. We should wait for the victory of either team players (Bulls or Bears).



    R1: 76.974 | R2: 77.274 | R3: 77.574 | R4: 77.874 | R5: 78.174
    S1: 76.335 | S2: 76.035 | S3: 75.735 | S4: 75.435 | S5: 75.135

    Source: FX Central Clearing Ltd. (FXCC)
    Technical Analysis

  7. #7
    alayoua
    Guest

    Default Daily Technical Analysis by FXCC - October 13 2011

    Daily Technical Analysis by FXCC - October 13 2011

    Euro vs. US Dollar (EURUSD):We expect a bullish overall direction for today. That requires the base to build on (1.37350); targeting (1.38337) then (1.38875). A break under (1.35725) support area will extend losses to (1.35245). Look for long positions for today`s trading session.



    R1: 1.38337| R2: 1.38875 | R3: 1.39862 | R4: 1.41387 | R5: 1.42374
    S1: 1.37350 | S2: 1.36838 | S3: 1.36363 | S4: 1.35825 | S5: 1.35245

    Great Britain Pound vs. US Dollar (GBPUSD):We believe that possible bullishness could be seen during this trading session. Support is at (1.55325). Break below that area could lead us to neutral zone as direction would become unclear, but as long as price moves above that level the major scenario remains bullish. You may try to buy from (1.56958), (1.56243), and (1.55425) with a stop loss below (1.55325).



    R1: 1.58491| R2: 1.59513 | R3: 1.61046 | R4: 1.62068 | R5: 1.63601
    S1: 1.56958| S2: 1.56243 | S3: 1.55425 | S4: 1.54841 | S5: 1.54199


    US Dollar vs. Japanese Yen USDJPY (USDJPY):We see high chances of the pair move up gradually towards (78.179 – 78.873). A proper confirmation would occur if the USDJPY will manage to overcome the (77.699) resistance over today`s trading session. Long positions are favored for today.



    R1: 77.699 | R2: 78.179 | R3: 78.873 | R4: 79.353 | R5: 80.047
    S1: 76.909 | S2: 76.562 | S3: 75.831 | S4: 75.351 | S5: 74.657

    Source: FX Central Clearing Ltd. (FXCC)
    Technical Analysis

  8. #8
    alayoua
    Guest

    Default Daily Technical Analysis by FXCC October 14 2011

    Daily Technical Analysis by FXCC October 14 2011

    Euro vs. US Dollar (EURUSD):We can say that additional bullish movements could be seen during current session, particularly if it succeeded to stabilize above (1.36751) zones. A proper confirmation would occur if the EURUSD will manage to overcome the (1.38261) resistance. We will try to buy EURUSD from our mentioned support levels.



    R1: 1.38261| R2: 1.39030 | R3: 1.39799 | R4: 1.40440 | R5: 1.41209
    S1: 1.36982 | S2: 1.36210 | S3: 1.35654 | S4: 1.35245 | S5: 1.34800
    Great Britain Pound vs. US Dollar (GBPUSD):We prefer upside scenario at this phase.Since bias is bullish in nearest term targeting (1.60469). Another move back below (1.56557) could lead us to neutral zone.You may try to buy from (1.56896), (1.56243), and (1.55705) with a stop loss below (1.56557).



    R1: 1.58563| R2: 1.59278 | R3: 1.60469 | R4: 1.60969 | R5: 1.61469
    S1: 1.56896| S2: 1.56243 | S3: 1.55705 | S4: 1.54990 | S5: 1.53950

    US Dollar vs. Japanese Yen USDJPY (USDJPY):We can say that additional bullish movements could be seen during current session, particularly if it succeeded to stabilize above (76.574) zones. A proper confirmation would occur if the USDJPY will manage to overcome the (77.215) resistance. You may try to buy from (76.562), (75.983), and (75.683) with a stop loss below (76.574).



    R1: 77.215 | R2: 77.560 | R3: 78.176 | R4: 78.476 | R5: 78.776
    S1: 76.562 | S2: 75.983 | S3: 75.683 | S4: 75.383 | S5: 75.083

    Source: FX Central Clearing Ltd. (FXCC)
    Technical Analysis

  9. #9
    alayoua
    Guest

    Default Daily Technical Analysis by FXCC October 17 2011

    Daily Technical Analysis by FXCC October 17 2011

    Euro vs US Dollar Strength in EURUSD is likely to continue.
    We see a less chances of an immediate fall on the instrument for short-term technical outlook.
    Next upside barriers follow (1.39394) at (1.40021) and (1.41102).
    Our bias is on buying EURUSD with a stop loss under (1.37132) for today



    R1: 1.39394| R2: 1.40021 | R3: 1.41102 | R4: 1.41729 | R5: 1.42810
    S1: 1.38261 | S2: 1.37686 | S3: 1.37232 | S4: 1.36732 | S5: 1.36179

    Great Britian Pound vs US Dollar Strength in GBPUSD is likely to continue.
    We see a less chances of an immediate fall on the instrument for short-term technical outlook.
    Next upside barriers follow (1.59270) at (1.60019) and (1.60574).
    Look for long positions for current trading session.



    R1: 1.59270| R2: 1.60019 | R3: 1.60574 | R4: 1.61323 | R5: 1.61823
    S1: 1.57411| S2: 1.56889 | S3: 1.56243 | S4: 1.55425 | S5: 1.54925


    US Dollar vs Japanise Yen The outlook has grown increasingly bullish since USDJPY had remained above its latest swing low at (76.574).
    If this support level is broken to the downside, the outlook will deteriorate.
    Try to buy on depth with a stop loss below (76.574).



    R1: 77.447 | R2: 77.773 | R3: 78.100 | R4: 78.400 | R5: 78.727
    S1: 76.674 | S2: 76.311 | S3: 75.892 | S4: 75.592 | S5: 75.292


    Source: FX Central Clearing Ltd. (FXCC)
    Technical Analysis

  10. #10
    alayoua
    Guest

    Default Daily Technical Analysis by FXCC - October18

    Daily Technical Analysis by FXCC - October18


    Euro vs. US Dollar (EURUSD):Strength in EURUSD is likely to continue. We see a less chances of an immediate fall on the instrument for short-term technical outlook. Next upside barriers follow (1.37922) at (1.38337) and (1.38940). Look for long positions for current trading session.



    R1: 1.37922| R2: 1.38337 | R3: 1.38940 | R4: 1.39812 | R5: 1.40482
    S1: 1.36851 | S2: 1.36179 | S3: 1.35654 | S4: 1.34812 | S5: 1.34142

    Great Britain Pound vs. US Dollar (GBPUSD):We see high chances of the pair move up gradually towards (1.58521 – 1.59340). A proper confirmation would occur if the GBPUSD will manage to overcome the (1.57980) resistance over today`s trading session. You may try to buy from (1.56889), (1.56243), and (1.55425) with a stop loss below (1.57206).



    R1: 1.57980| R2: 1.58521 | R3: 1.59340 | R4: 1.60079 | R5: 1.60579
    S1: 1.56889| S2: 1.56243 | S3: 1.55425 | S4: 1.54925 | S5: 1.54425


    US Dollar vs. Japanese Yen USDJPY (USDJPY):The USDJPY bias is neutral. Upper barrier is at (77.553), break above that area could trigger further short term upside pressure testing (77.806). On the downside, the important price level at (76.574) may be tested or broken in the coming sessions, which may pull the pair towards (75.605 – 75.253). You may try to buy from lower border and/or sell from upper border.



    R1: 77.215 | R2: 77.806 | R3: 78.158 | R4: 78.657 | R5: 79.009
    S1: 76.456 | S2: 76.104 | S3: 75.605 | S4: 75.253 | S5: 74.953

    Source: FX Central Clearing Ltd. (FXCC)
    Technical Analysis

Similar Threads

  1. Daily Market Analysis from ForexMart
    By Andrea ForexMart in forum Technical analysis
    Replies: 381
    Last Post: 12-14-2017, 06:51
  2. Daily Market Analysis by FxGrow
    By FxGrow Support in forum Fundamentals
    Replies: 67
    Last Post: 09-29-2015, 08:32
  3. Re: Daily Market Overview by IFC Markets
    By Akriti in forum Economy
    Replies: 25
    Last Post: 10-25-2013, 11:19
  4. Daily Market Outlook from ACFX
    By Atlas CapitalFx in forum Technical analysis
    Replies: 39
    Last Post: 10-03-2013, 13:53
  5. Daily market update
    By UWCFX in forum Fundamentals
    Replies: 109
    Last Post: 01-17-2011, 14:05

Tags for this Thread

100, 2011, abc, adviser, analysis, automatic, average, breakout, broker, brokers, candle, change, channel, closing, commission, dancing, demo, divergence, eas, ecn, ecn forex, empire, eur, eur/usd, eurusd, fibonacci, forecast, forex, forex account, forex blog, forex broker, forex brokers, forex news, forex trader, forex trading, forex trading system, forex training, free, fundamentals, gbpusd, german, gold, grid, high, high-volume, home, how to, ichimoku, index, indicator, indicators, intraday, investment, japan, learn, level, live, long term, low, main, managed, markets, mirror, moving average, nasdaq, news, nzd, online, price action, profit, rating, real, resistance, sales, security, sells, short term, signal, sma, squeeze, stocks, stop, strategy, support, system, systems, technical analysis, test, time, trader, trading, trading platform, trading software, trading system, trailing, training, trend, usd, vdi

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •